Sui Price Soars 40%: A Squeezed Supply Sparks a Wild Rally

by

Sui, that most obliging of currencies, pranced to a four-month high of $1.41, thereby securing a berth among the brisk performers of the crypto street on Monday.

//media.crypto.news/2026/05/SUIUSDT_2026-05-11_14-09-09.webp”/>

First, Sui has gained considerable momentum from several institutions, drawing the attention of investors to its expanding ecosystem.

Notably, Nasdaq-listed SUI Group Holdings moved its entire treasury of 108.7 million SUI tokens, worth roughly $143 million, into direct staking on the network. This effectively removed nearly 2.7% of the circulating supply from the open market and created a supply squeeze, which bolstered the price.

Adding to the optimism at Consensus 2026, Mysten Labs co-founder Adeniyi Abiodun revealed that confidential transactions for private payments and fee-free stablecoin transfers will launch on the Sui network later this year, promising users privacy and cost efficiency.

Meanwhile, African fintech giant Paga announced on the same day a deep integration with Sui to power cross-border payments using stablecoins.

Second, Sui’s sudden price surge triggered roughly $3.13 million in liquidations from exchange traders, with nearly 90% from short positions. This forced short sellers to buy back the token, pushing SUI prices higher in a classic short squeeze.

Third, several market analysts, including Peter Brandt, have identified a weekly bottom for SUI on May 11 and forecast a substantial price increase as the token moves into a new phase of growth.

This is a major bottom. Price will trend substantially higher from current levels$SUIUSDT

– The Factor Report (@PeterLBrandt) May 10, 2026

Read More

2026-05-11 11:52